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Strategies & Market Trends : Guidance and Visibility

AAPL 260.21

+0.3%

3:59 PM EST

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To: Jorj X Mckie who wrote (62825)	7/27/2002 2:23:15 PM
From: SirRealist	Read Replies (2) of 208838

Some interesting things: Only one spike higher: bigcharts.marketwatch.com and the big ones tend to come a year apart. More precarious: bigcharts.marketwatch.com and if it doesn't drop to 56 soon, tech may look for another 3 months of heat & higher VXN to that 83 level. In other words, I think the DOW can go a little lower nearterm (7200) and NASDAQ could see 1125 soon. I suspect the indexes will continue to disconnect in the next 3 months. Analysts will say: skip tech and go with the better Dow values. This disconnect is necessary, because it means the Dow may provide safe haven while tech wrecks further. But when tech is mostly corrected, look for the Dow to correct more, which means tech may be the safe haven on that leg. This way, the bazillionaires always have someplace to shift to. When both indexes decline together, it's too hard for them. Possibly the safest play on the mkt now is MMM.

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